For!

Golf.

Today's pitch is about golf.

But before I get back to my scramble, there's four other letters that you need to know.

There's VC, and then there's PE.

No, not high school gym class.

Private equity.

Private equity funds are similar to venture capital funds in that they invest in private

companies.

But that's where the similarities end.

VC's invests small dollars at the beginning of a company.

When PE comes into the picture, it's way later in the game.

They're the pot of gold at the end of the fundraising rainbow.

But that means when private equity invests, they take control.

Here's the twist.

Today's brand new golf company is already backed by private equity.

And now they want to raise some venture capital, too, which is backwards.

Can VC and PE hit the course as a for some?

Or will one be forced to caddy for the other?

I'm Josh Mugeo, welcome to the pitch, where relaunch per newers pitch real investors

for real money.

I'm Beck Bamberger, managing partner of Bad Ideas Group, welcome to San Diego.

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